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Apr 10 - 05:00 AM
GBP/USD - Slight Bullish Advantage But Brexit Swings Damaging
First appeared on eFXplus on Apr 10 - 02:25 AM
  • Bearish doji candle Tues 10DMA crossing below 55DMA rings alarm bells
  • Daily cloud closing the door to gains at 1.3111 (brief breach Tues)
  • Price trapped between 200DMA at 1.2975 and daily cloud top
  • Slow stochs edging higher and 14-day negative momentum slowing
  • On balance still a buy but bullish scope limited unless the cloud gives out
  • Weekly action playing out sideways below a thickening cloud and 100WMA

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